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Centre Advises Tinubu on How to Tame Soaring Inflation
Centre Advises Tinubu on How to Tame Soaring Inflation
By: Michael Mike
President Bola Tinubu has been advised to take a holistic approach at taming the soaring inflation in the country
A press statement on Tuesday by the Lead Director of the Centre for Social Justice, Eze Onyekpere said it has become imperative that Nigeria’s economic managers adopt a holistic approach to improving the economy/decelerate inflation.
Among the advised given for a leeway out of the present economic doldrums include “Increased productivity especially in the tradable and export-oriented sectors (including oil and gas as well as removing export trade barriers in the agriculture sector in the short run) can shore up our foreign exchange earnings which will improve the value for the Naira against major international currencies thereby limiting import induced inflation.
“Improving security of lives and property through the right political will that guarantee value for money in the provision of security services in Nigeria. It should be recalled that security has been given the highest budgetary allocations at the federal level in the last ten years. This will also improve agriculture’s contribution to the GDP and food production thereby limiting food inflation which has been the major driver of inflation over the last one year. Improved security will further lead to increased oil and gas production for export and local refining.
“Limit ways and means of funding of the federal budget to the statutory limit of not more than 5 percent of previous years’ actual revenue in accordance with S.38 of the Central Bank of Nigeria’s Act 2007.
“Implement a Nigeria First Local Content Policy in Federal and State Public Procurement to ensure that capital budget implementation do not put undue pressure on the Naira. Rather, capital budget implementation should create jobs, enhance local productivity and grow the economy, and
“Stop denying Nigerians access to their money, vis cash in banks as a means of mopping up what is considered excess liquidity. This is a fundamentally flawed measure for the reduction of inflation.”
Centre for Social Justice noted that rising prices is a symptom of the overall negative macroeconomic fundamentals and strong headwinds besetting the Nigerian economy, adding that beyond inflation, the Naira is losing value, poverty and unemployment is increasing; there have been massive factory closures, increasing insecurity and population growth figures that almost outpaced economic growth.
The Centre said that: “Furthermore, the short term and medium-term impact of economic reform measures (fuel subsidy removal and exchange rate unification) have not been properly articulated. The reforms were not accompanied by an evaluation/projection of their impact on the economy as well as countervailing measures necessary to limit their harsh effects on prices and other macroeconomic indicators.”
Centre Advises Tinubu on How to Tame Soaring Inflation
Zulum strengthens vocational education to address industry gap
… To introduce TVET for Almajiri pupils
By: Our Reporter
Borno State Governor Babagana Zulum has directed a comprehensive strategy that will enhance vocational education across the three senatorial zones in the state.
Zulum announced the directive on Monday when he received the report on repositioning technical and vocational education in Borno at the council chamber.
According to the Governor, the strategic plan is designed to empower the youth, equipping them with the necessary skills to meet the demands of various industries and stimulate economic growth.
Zulum emphasised that educational facilities and vocational institutions should tailor their programs to address the deepening mismatch between them and the various industries.
“The mismatch between our graduates and the labour market is deep, and if we want to address that, we should ensure that a robust technical and vocational education is established,” Zulum said.
“We have achieved a lot in providing vocational skills to our youth; however, along the way, we felt that we are still not doing enough for this. We decided to constitute this committee to reposition the technical and vocational education in Borno State.
Speaking earlier Presenting the Chairman of the Committee, Alhaji Goni Ibrahim, noted that the review was conducted through site visits, stakeholder consultations, and comparative studies.
… To introduce TVET for Almajiri pupils
Meanwhile, Governor Babagana Umara Zulum has instructed the Ministry of Education to consider introducing technical and vocational education in Sangaya Schools.
The Governor said, “I am happy to note that the Executive Secretary of the Sangaya Education Board is here. I have instructed the Commissioner of Education to liaise with you to consider introducing technical and vocational education in our Sangaya schools.”
Zulum also commended the leadership of the Commissioner of Education, Science, Technology and Innovation, Engr Lawan Abba Wakilbe, stating, “I want to commend the leadership of the commissioner of Education, for all the good works that he has been doing.”
Zulum strengthens vocational education to address industry gap
Gunmen kill man in attempted abduction in Kwara mosque
By: Zagazola Makama
Gunmen have killed a 45-year-old man, Alhaji Dahiru, during an attempted abduction in a mosque in Patigi Local Government Area of Kwara State.
Sources told Zagazola Makama that the incident occurred on Aug. 30 at about 8:30 p.m. during Ishai prayer.
They said about seven armed men stormed the mosque and attempted to abduct Dahiru, who resisted. He was shot dead instantly before the attackers fled on motorcycles.
According to residents, two empty shells of AK-47 ammunition were recovered at the scene after the incident.
Family members of the deceased have since appealed for the release of the corpse for burial in accordance with Islamic rites.
Authorities said efforts were ongoing to track down the perpetrators and secure the area against further attacks.
Gunmen kill man in attempted abduction in Kwara mosque
DSS arrests two over fake recruitment scam in Kaduna
By: Zagazola Makama
The Department of State Services (DSS) says it has arrested two suspects in Kaduna over an alleged fraudulent recruitment syndicate operating in the name of the Service.
Sources told Zagazola Makama that the suspects, identified as Aliyu Ibrahim and one other accomplice, were apprehended following credible intelligence that exposed their network.
According to sources, preliminary investigations revealed that between 250 and 350 individuals may have fallen victim to the scam, after being promised employment in the Service.
“The suspects are currently in custody while efforts are underway to arrest other members of the syndicate still at large,” the statement said.
The Service warned members of the public to be wary of fake recruitment offers, stressing that it does not conduct recruitment through agents or intermediaries.
“All DSS recruitment exercises are announced exclusively through official and authorised communication channels,” the sources said.
The Service further advised Nigerians to remain vigilant and report suspicious activities to the nearest security agency.
The sources said the arrest came amid rising cases of job racketeering across the country, assuring that it would continue to protect citizens and ensure that perpetrators of such fraud were brought to justice.
DSS arrests two over fake recruitment scam in Kaduna
Zulum strengthens vocational education to address industry gap
Gunmen kill man in attempted abduction in Kwara mosque
DSS arrests two over fake recruitment scam in Kaduna
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